Americas top stories: weekly summary
ICIS Editorial
19-Feb-2024
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 16 February.
TiO2 prices to improve after Q1 – Tronox
co-CEO
Tronox expects titanium dioxide (TiO2) prices
to reverse their downward trend and begin
improving after the first quarter, John Romano,
co-CEO of the US-based producer said in an
update on Friday.
INSIGHT: US chemicals may benefit from
ultra-low priced natural gas through H1
’24
US chemical producers should continue to
benefit from natural gas selling at
historically low levels, a trend that has
lowered feedstock costs just as their foreign
competitors are paying more for oil-based
material.
Global oil demand growth losing momentum as
post-pandemic rebound phase ends –
IEA
The momentum of crude oil demand growth is
starting to slow as the post-pandemic rebound
in consumption nears its conclusion, the
International Energy Agency (IEA) said on
Thursday, despite arctic conditions in January
tightening market balances.
Avient sees end to destocking, raw material
deflation to continue in H1 – execs
While customers are managing inventories
tightly as they monitor demand, Avient sees
destocking coming to an end in key markets,
with underlying demand starting to improve, the
top executives of the US-based polymer
materials company said on Wednesday.
China customers expect no domestic demand
growth in 2024 – Trinseo CEO
Trinseo’s customers in China expect zero
domestic demand growth in 2024 versus 2023 on
persistent weakness in building and
construction, as well as consumer durables, its
CEO said.
US Trinseo expects another net loss in Q1, may
take more actions
Trinseo expects another quarterly net loss in
the first quarter after reporting one on Monday
for its fourth-quarter results.
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